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Compute the gross profit using the using the LIFO inventory costing method. Gross profit is $ using the LIFO inventory costing method. Requirement 3. Which method results in a higher cost of goods sold? The method with the higher cost of goods sold is Requirement 4. Which method results in a higher cost of ending merchandise inventory? The method with the higher cost of ending merchandise inventory is Requirement 5. Which method results in a higher gross profit? The method with the higher gross profit is Koste per ty 1. Carpe gode ektem no mercado Hey to share on Footwear how to hand och word, wordt door and the other Purches Code Total Tu Quay Cust Co | ces Cut De 3 How do you want wwwwwwwwwwwwwwwwwwwwww Gwarande CS yan To TH Det Co C w Fofit using the FIFO inventory costing method. Inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balance at the end of the period. (Enter the oldest inventory layers first.) tory on Hand Unit Total Cost Cost More info Dec. 1 Beginning merchandise inventory 8 Sale 13 units @ $ 11 each 7 units @ $ 17 each 17 units @ $ 15 each 16 units @ $ 17 each 14 Purchase 21 Sale Print Done profit hand balance FO inve nd at the Fentory on Hand Unit Total Cost Cost

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